
David M. Kopyc, CRPC®
As you age, calculating the chances that you’ll need long-term care—and the associated costs—is incredibly important. More than half of people turning 65 will require long-term care during their lifetimes, and the costs may be much higher than you expect. In 1980, the U.S. had $30 billion in long-term care spending. By 2015, that figure ballooned to $225 billion.
1. What is long-term care?
Long-term care includes the services and support that help someone meet their daily needs. Rather than centering on healthcare, most long-term care supports people’s daily activities, such as dressing, bathing, and cooking. The services can also include other tasks like managing money, caring for pets, and taking medication.
2. What might long-term care cost you?






